Royal Gold(US:RGLD)2026-01-13 14:12Sales Performance - Royal Gold's consolidated stream segment sales for Q4 2025 were approximately 64,000 gold equivalent ounces (GEOs), with 58,200 GEOs from RGLD Gold AG and 5,800 GEOs from the Sandstorm portfolio[2][3]. - Total stream segment sales for the year 2025 reached approximately 195,400 GEOs[3]. Pricing Information - The average realized price for gold in Q4 2025 was $4,071 per ounce for RGLD Gold AG and $4,240 per ounce for the Sandstorm portfolio, while silver averaged $50.90 per ounce and $66.79 per ounce respectively[2]. Financial Position - Royal Gold reduced outstanding borrowings by $400 million since the Sandstorm transaction, with an outstanding balance of $900 million as of December 31, 2025, and further reduced to $825 million after an additional repayment[4][5]. Asset Management - The company is rationalizing non-core assets acquired from the Sandstorm transaction, including restructuring agreements with Bear Creek Mining Corporation to increase royalty exposure[7][8]. - Royal Gold will receive $6.2 million in cash and an incremental 1.75% net smelter return royalty on the Corani Project in Peru as part of the Bear Creek restructuring[8]. Future Outlook - The anticipated closing of the Highlander/Bear Creek transaction is expected to create a larger, well-capitalized company better positioned for future growth[9]. - Royal Gold's Q4 2025 financial results will be released on February 18, 2026, followed by a conference call on February 19, 2026[10].